Economy Ministry News
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Argentina had a budget surplus excluding interest payments of 622.4 million pesos ($143 million) in January, the Economy Ministry said in an e-mail statement today.
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Forty-nine people were killed and more than 460 injured when a packed commuter train slammed into the buffers and safety barriers at one of Buenos Aires’ busiest railway stations.
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South Korea, the world’s second- biggest liquefied natural gas buyer, will hold talks with energy and commodity suppliers operating in Australia on expanding cooperation to ensure supplies of the fuel and other minerals.
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The European Commission will adopt a proposal tomorrow to suspend infrastructure-development subsidies to Hungary after the country failed to curb its deficit in a sustainable way, a European official said.
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Mexico received $19.4 billion of foreign direct investment in 2011, according to preliminary figures from the Economy Ministry, which said the total will probably be revised higher.
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Hungary’s government is scaling back its projection for economic growth this year, maintaining that the country will probably avoid a recession, said Mihaly Varga, Prime Minister Viktor Orban’s chief of staff.
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The German Economy Ministry said Greek reforms are “insufficient,” Welt am Sonntag reported, citing an internal working paper from the ministry.
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Euro-area finance chiefs won’t take a decision on the replacement of Jose Manuel Gonzalez-Paramo on the European Central Bank’s board during a meeting in Brussels Feb. 20 and will postpone the decision to March, La Vanguardia reported, citing European Union officials it didn’t name.
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Swiss National Bank deputy board member Thomas Moser said policy makers remain ready to act if needed to ward off deflation.
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Hungary can this year maintain the agriculture output which boosted gross domestic product last year, Roland Natran, deputy state secretary at the Economy Ministry, said today.
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